Ross Stores Inc. forecast same-store sales growth of 3% to 4% for fiscal 2026, exceeding analyst expectations of 3%. The Dublin, California-based off-price retailer reported record fourth-quarter sales of $6.64 billion, surpassing estimates of $6.4 billion. CEO Jim Conroy expressed confidence in the company's strategic priorities and ability to capture additional market share through compelling value offerings.

Consumer spending has weakened as shoppers face affordability challenges and tariff uncertainty. Nevertheless, Ross and competitor TJX Cos. have thrived by offering discounted apparel and home goods to price-conscious consumers. Both companies' shares gained in February, with TJX reporting earnings that beat expectations on February 25. Ross shares jumped as much as 7% in postmarket trading, building on a 9.7% gain through Tuesday's close.

The results follow Target Corp.'s better-than-expected full-year profit forecast announced earlier Tuesday. Ross's performance demonstrates the resilience of off-price retail as consumers seek value amid economic pressures. The company's ability to sell luxury items at reduced prices continues to drive growth in a challenging retail environment.